ACTIVE

GENCODE

Financial year 2025 · closed on 31/12/2025
Net result
-755,2 €
-126.4% YoY
Gross margin
60,0 k €
+114.5% YoY
Equity
77,1 k €
-21.2% YoY

What does GENCODE do?

GENCODE is a Public limited company incorporated in 2023. Its main activity is: Advertising agencies. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0795.914.494
Incorporation
09/01/2023
Legal form
Public limited company
Registered office
Quai Sur Meuse 19
4000 Liège · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin60,0 k €28,0 k €64,1 k €
EBITDA-8,4 €1,9 k €45,0 k €
Operating result-8,4 €1,9 k €45,0 k €
Net result-755,2 €2,9 k €33,5 k €
Balance sheet
Equity77,1 k €97,8 k €95,0 k €
Total assets117,1 k €113,5 k €110,4 k €
Cash70,9 k €75,7 k €90,2 k €
Debts40,0 k €15,6 k €15,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

David Kauffman

Director · since 01 juillet 2025

Active
Jacqueline Wadzialowski

Director · since 09 mai 2023 · until 16 décembre 2025

Active
T2IM

Director · since 09 janvier 2023 · 0795.885.691

Represented by Ilan Taieb

Active

Ended mandates

Jacqueline Wadzialowski

Director · since 09 mai 2023

Ended
Elodie Hackin

Director · since 09 janvier 2023 · until 09 mai 2023

Ended
Marie Lacomble

Director · since 09 janvier 2023 · until 13 novembre 2024

Ended
Marie Lacomble

Director · since 09 janvier 2023

Ended
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Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202409/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date15/09/202623/07/202528/08/2024
General meeting25/08/202630/06/202510/07/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/08/202615/09/2026FrenchPDF
Micro model31/12/202430/06/202523/07/2025FrenchPDF
Micro model31/12/202310/07/202428/08/2024FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

David Kauffman

Director · since 01 juillet 2025

Active
Jacqueline Wadzialowski

Director · since 09 mai 2023 · until 16 décembre 2025

Active
T2IM

Director · since 09 janvier 2023 · 0795.885.691

Represented by Ilan Taieb

Active

Ended mandates

Jacqueline Wadzialowski

Director · since 09 mai 2023

Ended
Elodie Hackin

Director · since 09 janvier 2023 · until 09 mai 2023

Ended
Marie Lacomble

Director · since 09 janvier 2023 · until 13 novembre 2024

Ended
Marie Lacomble

Director · since 09 janvier 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other11/01/2023
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-755,2 €
  2. 2024
    Annual accounts 20242,9 k €
  3. 2023
    Annual accounts 202333,5 k €
  4. 09/01/2023
    IncorporationPublic limited company